ABC Corporation granted by the government to operate a franchise with their respective receipts for the 3rd quarter of 2020 as follows: Supply of electricity. P 1M Supply of water. P 2M Supply of gas. P 1.5M Communication. P 200,000 Broadcasting. P 500,000 1. How much is the franchise tax for the 3rd Quarter of 2020? A. 85,000 B. 120,000 C. 75,000 D. 70,000

ABC Corporation granted by the government to operate a franchise with their respective receipts for the 3rd quarter of 2020 as follows: Supply of electricity. P 1M Supply of water. P 2M Supply of gas. P 1.5M Communication. P 200,000 Broadcasting. P 500,000 1. How much is the franchise tax for the 3rd Quarter of 2020? A. 85,000 B. 120,000 C. 75,000 D. 70,000

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter16: Accounting Periods And Methods

Section: Chapter Questions

Problem 15DQ

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